Expect approvals within the same day when you apply for a car loan
When you apply for car loans, you can expect your loan to be approved within the very same day as your loan application. However, the same cannot be said for traditional bank loans. This is because, when you apply for a loan from a bank, you will need to submit numerous documents and undergo a credit check to prove that you are capable of paying off your loan.
How your loan can be approved within the same day as your loan application
Because the requirements needed for car loans are so minimal, you can expect your car loan application to be approved within only one hour subsequent to your loan application. All you will need to be approved for a car loan approval are a fully owned car with a lien free title, a valid driver’s license, and proof of permanent residence.
Why your credit score will not affect your chances of being approved for a loan
Because car loans fall under the category of no credit check title loans, the state of your credit history and credit score will not affect your chances of being approved for a loan. Your maximum loanable amount will depend only on the true market value of the vehicle you will be using as collateral for your car loan application.
With Canada Loan Shop, you can apply for a loan of up to $65,000.00 depending only on the true market value of your vehicle and expect approval within the very same day as your car loan application. Once you’ve made the decision to apply for a car loan, you can call us at our toll-free number 1-844-572-0004 or simply apply online.